An amendment to the Act on Investment Incentives will take effect on 1 May 2015. The aim of the new amendment is to increase competitiveness and investment attractiveness of the Czech Republic. An important novelty is the introduction of Special Economic Zones (SEZ) where parties interested will be offered an incentive in the amount of CZK 300,000 per created job, together with an exemption from real estate tax for the period of up to 5 years.Another novelty of the Act is omission of the obligation of financing a minimum amount from own resources, whereby the provision shall be eliminated from the Act that caused many problems in practice in terms of interpretation. A significant change is also the fact that an investment incentive may also be applied for by a legal entity without business history established just for the purpose of project performance. The amendment to this Act will definitely increase the interest in investing in the Czech Republic.
